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lev-stake-sol
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add risks

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saml33 2024-03-05 14:41:43 +11:00
parent ddca995bf1
commit 43d68baa0f
2 changed files with 73 additions and 19 deletions
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60
components/HowItWorks.tsx
View File

@ -10,8 +10,8 @@ const HowItWorks = () => {
<h3 className="mb-1">The basics of JLP</h3>
<p className="mb-3 leading-relaxed">
JLP is the liquidity provider token for Jupiter Perps. It represents a
pool of assets that traders borrow from to open leveraged perp
positions.
pool of assets that traders borrow from to open leveraged perp positions
on the Jupiter platform.
</p>
<p className="mb-6 leading-relaxed">
Liquidity providers can deposit assets like BTC or SOL into the pool and
@ -72,15 +72,65 @@ const HowItWorks = () => {
to be in profit because of the upfront fees paid to borrow USDC.
</p>
<h3 className="mb-1">Boosting USDC</h3>
<p className="mb-3 leading-relaxed">
<p className="mb-6 leading-relaxed">
Boosting USDC is simply supplying it to the lending pool. Your USDC
balance will lent to JLP boosters and will continously earn the variable
interest rate.
interest rate. There are no fees associated with lending USDC.
</p>
<p className="mb-3 leading-relaxed">
{/* <p className="mb-3 leading-relaxed">
There are no fees associated with lending USDC but there are risks. If
there was a catastrophic failure in JLP or Boost! you could lose all of
your funds.
</p> */}
<h3 className="mb-1">Risks</h3>
<p className="mb-3 leading-relaxed">
The following risks are non-exhaustive
</p>
<h4 className="mb-1">JLP</h4>
<p className="mb-3 leading-relaxed">
JLP&apos;s value relies on complex market dynamics and smart contract
code. This exposes it to multiple potential failure points that could
result in total loss.
</p>
<p className="mb-3 leading-relaxed">
If JLP were to have a large depegging event it could leave Boost! with
bad debt. JLP boosters would lose due to JLP losing value and USDC
depositors would lose if the JLP was unable to be liquidated in time.
</p>
<h4 className="mb-1">Oracles</h4>
<p className="mb-3 leading-relaxed">
Boost! uses 3rd party oracle providers for pricing data. It is possible
that bad data from these oracle services could result in liquidations
and/or total loss of funds.
</p>
<h4 className="mb-1">Liquidity</h4>
<p className="mb-3 leading-relaxed">
Opening and closing positions on Boost! relies on swapping between JLP
and USDC without significant price impact. During an extreme market
event there could be issues liquidating positions effectively. This
could affect the liquidity available to open/close positions.
</p>
<h4 className="mb-1">Boost! Code</h4>
<p className="mb-3 leading-relaxed">
Boost! is an integration with the Mango v4 contracts. These are audited
by{' '}
<a href="https://osec.io/" rel="noopener noreferrer" target="_blank">
OtterSec
</a>{' '}
on every release. It is still possible for exploitable vulnerabilities
to exist that could result in total loss of funds.
</p>
<h4 className="mb-1">Boost! UI</h4>
<p className="mb-3 leading-relaxed">
As the Boost! UI changes fairly regularly it&apso;s possible for errors
to be introduced that could temporaily affect your ability to enter or
exit positions.
</p>
<h4 className="mb-1">Solana Network and RPCs</h4>
<p className="mb-3 leading-relaxed">
Boost! relies on the Solana Network and external RPCs to function. If
these services are down access to your funds on Boost! will be affected.
If this coincides with a market event you could lose funds.
</p>
</div>
)

32
components/faqs/FaqsPage.tsx
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@ -7,9 +7,9 @@ const FAQS = [
answer: (
<p>
Boost! allows you to increase your position size by borrowing USDC and
swapping it for JLP. This means you earn more yield
from JLP due to a larger position size. As long
as this yield exceeds the rate of the USDC borrow and collateral fees, you earn a premium.
swapping it for JLP. This means you earn more yield from JLP due to a
larger position size. As long as this yield exceeds the rate of the USDC
borrow and collateral fees, you earn a premium.
</p>
),
},
@ -17,8 +17,10 @@ const FAQS = [
question: 'How does unboosting work?',
answer: (
<p>
Unboosting works by selling some of your JLP token to repay your USDC borrow
and withdrawing to your wallet. If the JLP token price increases enough to cover your borrow fee and collateral fee, you will earn a higher APY over time.
Unboosting works by selling some of your JLP token to repay your USDC
borrow and withdrawing to your wallet. If the JLP token price increases
enough to cover your borrow fee and collateral fee, you will earn a
higher APY over time.
</p>
),
},
@ -50,7 +52,7 @@ const FAQS = [
<p>
Opening and closing positions on Boost! relies on swapping between the
staking tokens and USDC without significant price impact. During an
extreme market event there could be issues liquidating position
extreme market event there could be issues liquidating positions
effectively. This could affect the liquidity available to open/close
positions.
</p>
@ -63,9 +65,10 @@ const FAQS = [
</p>
<h4>Yield Duration</h4>
<p>
When you borrow USDC to open a position on Boost! you&apos;ll be paying
an initial loan origination fee, interest on the borrowed amount, and a collateral fee instantaneously. This means you
could open a position and close it before earning any additional yeild,
When you borrow USDC to open a position on Boost! you&apos;ll be
paying an initial loan origination fee, interest on the borrowed
amount, and a collateral fee instantaneously. This means you could
open a position and close it before earning any additional yeild,
whilst paying interest and collateral fees to borrow USDC.
</p>
</>
@ -75,11 +78,12 @@ const FAQS = [
question: 'Where does the yield come from?',
answer: (
<p>
The price of JLP vs USDC. JLP is a liquidity pool provider token composed of assets, trading fees and traders profits and losses. Boost!
increases the position size of your staking token by borrowing USDC. This
means you earn more of the staking reward every epoch. It&apos;s
important to account for the cost of borrowing USDC. This is displayed in
the UI.
The price of JLP vs USDC. JLP is a liquidity pool provider token
composed of assets, trading fees and traders profits and losses. Boost!
increases the position size of your staking token by borrowing USDC.
This means you earn more of the staking reward every epoch. It&apos;s
important to account for the cost of borrowing USDC. This is displayed
in the UI.
</p>
),
},